BINANCE SEES $3.64B NET OUTFLOWS AS WITHDRAWALS REOPEN
💸 Flows: Binance recorded $3.64B in net outflows in the first 9.5 hours after reopening withdrawals, with $4.65B withdrawn and $1.01B deposited.
📊 Scale: That is 2.1% of the $171B in assets under management from its October 28 proof-of-reserves snapshot.
🛡️ Stabilizing: Binance says withdrawal volumes declined after the initial spike, deposits stayed substantial, and 95% of the stolen assets are now replaced.
💬 Comment: 2.1% is a stress test, not a bank run. The rest of the story sits with the updated proof-of-reserves report and the networks still waiting to reopen.
$BTC $BNB $ETH
💸 Flows: Binance recorded $3.64B in net outflows in the first 9.5 hours after reopening withdrawals, with $4.65B withdrawn and $1.01B deposited.
📊 Scale: That is 2.1% of the $171B in assets under management from its October 28 proof-of-reserves snapshot.
🛡️ Stabilizing: Binance says withdrawal volumes declined after the initial spike, deposits stayed substantial, and 95% of the stolen assets are now replaced.
💬 Comment: 2.1% is a stress test, not a bank run. The rest of the story sits with the updated proof-of-reserves report and the networks still waiting to reopen.
$BTC $BNB $ETH
